The current context of profound digital transformation as well as recent and unforeseen events such as the Covid-19 pandemic are impacting the way people behave, consumeand pay. "We see an unprecedented demand for innovation and digital products, with todays generation always looking for accessible, embedded and easy-to-use solutions. To retain their existing customers and attract others, companies need to reinvent themselves, from their business model(s) and products to the added value they bring and the experience they offer, starts Jacques.
As explained, payment is no exception: digital solutions are flourishing as the overall number of transactions keeps on growing. Providing innovative solutions has therefore become crucial for companies that want to keep surfing the digital wave. Additionally, the European Commission recently reaffirmed its ambition to turn the EU into a leader in the payments industry by pushing for initiatives building up on PSD2 momentum, such as instant payments.
Payment Initiation Services: a central pillar of Open Banking
The LUXHUB journey started with a focus on compliance products, seen as the cornerstone of Open Banking, that are now enabling the financial services industry, as well as non-regulated entities to transform and/or offer innovative services through unique and seamless experiences, for the benefit of their end-customers.The ambition was always to provide deeper innovations and notably to enable all companies, whether they be regulated or not, to enter the world of Open Banking, and leverage its limitless potential
Jacques Pütz
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